EURUSD may accelerate
After the impulse drop in the beginning of this week, EURUSD is currently trading sideways. In situations like this, it's better to wait and look for trades once everything is clear.
Yesterday the pair held above 1,1300 and that showed us this move doesn't have enough strength to continue lower.
That's why, today we're looking for a setup where price will continue higher and possibly break above 1,1380 and reach 1,1440.
This scenario is still not confirmed but once a bottom is formed, we will then expect price reaching 1,1440.
In order to enter we want to see a reversal candle and a good risk to reward ratio!
📝 YOUNGFX
After the impulse drop in the beginning of this week, EURUSD is currently trading sideways. In situations like this, it's better to wait and look for trades once everything is clear.
Yesterday the pair held above 1,1300 and that showed us this move doesn't have enough strength to continue lower.
That's why, today we're looking for a setup where price will continue higher and possibly break above 1,1380 and reach 1,1440.
This scenario is still not confirmed but once a bottom is formed, we will then expect price reaching 1,1440.
In order to enter we want to see a reversal candle and a good risk to reward ratio!
📝 YOUNGFX